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February 12, 2007



"its trustees considered a proposal to bundle the district's loans, trimming the first-year payment to $475,000."

How can a district that owes $73 million only pay $475,000 per year in payments toward the loan? What are the size of the loan payments in the future?

This is very misleading. Is it that in the first year, only an additional $475,000 beyond the developer's fees will be needed?

Why are the developer's fees going to construction and not into the classroom as intended.

Even if developer's fees can go into construction, why would we use these for construction when they are better used for the classroom. We approved bond money for construction.

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